Fund Raising: $98 Million Record

So alluring has M.I.T. become to money givers that last week its three-year drive for $66 million went over the top for a record in U.S. private education: it was oversubscribed to a total $98 million. M.I.T. has launched the biggest building program in its history, will set up 14 endowed professorships at $500,000 each.